For the past two years, Rafat has operated a grocery store (pictured), where he sells different types of groceries. He explains that it has been a profitable project, but that he needs more financial support to cover the costs.
As a result, Rafat is requesting a loan in the amount of $1,500 from FATEN to help him cover the costs of purchasing additional goods often requested by his customers such as rice, sugar, milk and canned foods. With the loan proceeds, Rafat expects to be able to increase sales and in turn increase his income, which will improve his living conditions.
More information about this loan
This loan is helping support a borrower who is 35 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
About FATENPalestinians face unique challenges due to the economic and political environment in the West Bank and Gaza. Click here to learn more about how Kiva and FATEN are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.
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Success!! The loan was 100% repaid